This comes at a time when the country's IT sector is battling global slowdown in demand.
Before the pandemic, around 200,000 freshers were hired annually. HR analysts and college placements offices that Business Standard spoke to said fresher hiring by the top five IT firms has been the lowest in this financial year so far. Tata Consultancy Services (TCS) is the only IT major that said it will recruit around 40,000 graduates from campuses this year. "The top five IT giants are not hiring, but most of the freshers want to start their careers with the top five IT firms. In today's scenario this is a challenge," Shantanu Rooj, founder and CEO, TeamLease Edtech said.
Engineering colleges are facing the challenge of placing students in the absence of top IT firms from colleges.
"Every year, by this time, we would get confirmation from companies about their hiring targets for the next year's batch (this would be for the 2025 batch). By August, these companies used to hit campuses for placements. But like last year, this is not happening this year as well," said Anjani Bhatnagar, deputy director, Placement Cell, Amity University.
IT companies like TCS, Infosys, Wipro, plan their calendar in March and April, and approach colleges to conduct trials in July and August to hire students who will be graduating next year. But this year, they have not shown intent for hiring so far.
"Around 70 per cent students target IT services jobs, and in the absence of bulk recruitment, it is a concern for students," he added.
Denne historien er fra June 17, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra June 17, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
India on top of luxury firms' 'watch' list
Country's appetite for premium watches grows as China sees a downturn
Brand Maggi stronger than ever as Nestlé India gears up for new leader
Nothing has presented \"two minutes\" as tastefully as Maggi since its entry into India over four decades ago.
BURNING ISSUE
Minimum support price has been a bone of contention between the farmers in Punjab and the state and Centre
Missing funds went to legitimate purpose, says Byju's founder
The founder of Byju's, a once high-flying Indian education company that defaulted on its US debts, denied that he orchestrated a scheme to fraudulently transfer $533 million away from lenders.
97% rail electrification done
Indian Railways has completed electrification of 96.68 per cent of its broad gauge network, as it moved swiftly to become fully-electrified by 2024-25. Six more states now have 100 per cent electrified networks, taking the number of such states to 20, according to the national transporter's data.
Fortified rice supply, border roads get ₹21K cr Cabinet push
2,280 km roads to be built in Rajasthan, Punjab border areas
More upside in Zomato's stock, but competition also rising
The filing of Swiggy's DRHP has led to direct comparisons with Zomato, which is a direct competitor in food delivery and the fast-growing quick-commerce segment where Blinkit (owned by Zomato) faces off against Instamart (and Zepto).
No irregularities found in Sebi probe: Zee panel
The Independent Investigation Committee (IIC), set up by the board of Zee Entertainment Enterprises Limited, said that \"no material irregularities\" were found against the company during the investigation by the securities regulator, it said in a release on Wednesday.
India set to join FTSE Russell bond index next year
South Korean bonds to be added to FTSE World Government Bond Index
Mkts erase gains amid sustained FPI selling
India's benchmark indices made positive strides for the second consecutive session on Wednesday, but sustained selling by overseas investors saw them erase their gains.